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TopicFinancial experts of CE. Is it bad to cosign on a loan?
I4NRulez
02/23/23 7:33:41 PM
#1:


I'm not talking about the dangers of the person defaulting. Thats low risk in this situation.

My gf has almost no credit history. Lived at home with her parents and the places she lived alone were all owned by family members so she never needed to pay anything other than paying family directly. She never needed a credit card or to apply for things. Cars were all handed down etc etc.

Now she wants a new car and all the family cars are old and shitty. Since she has no history the dealer recommended a cosigner and i dont mind doing it since shes good with money and we have been together for years.

My issue is that i want to buy a new car soon too and how will it show up for me as a cosigner to her car?

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